VIC Market Update – 30/08/2019

James Ryssenbeek, Regional Manager VIC

2 minute read

There have been no material rainfalls this week, but we’ve seen some welcome sunshine and a bit of frost about. This is good for spraying fungicides, growth and drying out the Western District, but creates concern for north west Vic and areas along the NSW/Vic border that need rainfall.

I attended a dairy meeting in Cohuna this week. There were a range of attendees from bankers, accountants, feed suppliers and producers. It was a very open meeting with lots of constructive discussions. The key take aways from the meeting was a focus on water efficiency, the need for longer planning horizons, retaining staff and herd reductions – all while maintaining profitability. It is very impressive how the industry is balancing fixed inputs of intensive farming with increasing water costs, reduced allocations and high input costs.

Dry weather and big plants are accelerating hay talks. Dairy producers are already in discussions with cereal hay growers to start replenishing reserves, but physical hay sales are stalled for now. With new season hay available in six to eight weeks, buyers are waiting to see how much new crop is cut before signing up.

New season markets remain stable to slightly firmer as weather dictates the next move. Old crop numbers continue to soften as we get close to new season grain with barley taking most of the hit.

Pictured: Cereals north east of Pyramid Hill.

 
 
 
 
 
 
 

Prices as at 30th August

* View of current market pricing. Does not represent current Agfarm bids.

 

Follow us on social media